Tag Archives: central_bank

The Path to the Final Crisis by Pater Tenebrarum

‘… negative interest rates could not exist in an unhampered free market. They are an entirely artificial result of central bank intervention. The so-called natural interest rate is actually a non-monetary phenomenon – it simply reflects time preferences. Time preferences are … Continue reading

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The Central Planning Mindset Has Won by Paul-Martin Foss

‘If you thought the Soviet Union’s collapse meant the end of central planning, you were wrong. Central planning is alive and well. In fact, it’s even stronger now than it was during the Soviet Union’s heyday. What’s even more disturbing … Continue reading

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The Swiss Consider a National Referendum on Fractional Reserve Banking by Jeff Deist

‘You may have heard about the Swiss referendum to end fractional reserve lending by Swiss commercial banks. It’s a fascinating development, and another example of how average Swiss people can use the federal referendum process to force both the central … Continue reading

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The “War on Cash” Migrates to Switzerland by Pater Tenebrarum

“The “War on Cash” Migrates to Switzerland” relates a text book example of the problems of interventionism. In “Interventionism and Positive Feedback Loops” I stated: ‘It occurred to me that economic interventionism by government can be thought of in terms … Continue reading

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Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse by Doug Casey

“Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse” is an excellent summary of what constitutes sound (ethical) versus unsound (unethical) banking. ‘You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, … Continue reading

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Pater Tenebrarum on China’s Banking System

Pater Tenebrarum of Acting Man blog wrote some interesting remarks about the workings of China’s banking system. China’s Reserve Requirements Yahoo Finance informs us about the ostensible “reason” behind today’s rally. As noted above, after being blamed for Friday’s sell-off, … Continue reading

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A Case for Monetary Independence by Lucas M. Engelhardt

Engelhardt wrote an interesting analysis of possible monetary arrangements: Fully Dependent National Central Banks, Independent National Central Banks, Independent, Discretionary, International Central Banks, Monetary Policy Rules, and Market-Based Money. ‘Fully Dependent National Central Banks Let’s start with the worst case … Continue reading

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